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An early investor in Ofo, Allen Zhu with GSR Ventures, said Saturday at a forum continuing to burn cash to compete in the bike-sharing market is meaningless for Mobike and Ofo and only results in a huge loss, adding that mergers are a complicated process. He also said where mergers are concerned investors, entrepreneurs, shareholders and users have to balance their interests and benefits, according to Securities Daily.

An agreement to launch a joint checkpoint service at West Kowloon Station on the Hong Kong section of the XRL was signed on Nov 18, between the mainland and the Hong Kong SAR, signaling the start of the process.

An initial public offering is a bet on future growth, but Uber's planned deal comes with slowing revenues, huge losses and the possibility that unionization of its drivers could kill the company's business model.

An injured person is transferred to safety area in Tonghai County, Southwest China's Yunnan province, Aug 13, 2018. [Photo/Xinhua]

An international media report in 2010 — the authenticity of which was denied by the school — said the institution was at the heart of a secretive global hacking conspiracy, thus giving it an air of mystique.